The Globe and Mail reports in its Wednesday edition that Tesla on Monday launched cheaper variants of its Model S sedan and Model X SUV with shorter driving ranges in the United States. A Reuters dispatch to The Globe says that Tesla has already slashed prices of its vehicles in the U.S., China and other markets as it puts sales growth ahead of profit margins, which are still at higher levels among automakers. The Austin, Tex., company has also offered other incentives to reduce inventory in a strategy that chief executive officer Elon Musk said was part of Tesla's recession playbook. The new S and X "standard range" models are priced at $78,490 and $88,490, respectively (all figures U.S.). The Model S has a driving range of up to 515 kilometres, lower than the regular dual motor and tri-motor Plaid variants that offer up to 652 km and 637 km, respectively. Model X SUV has range of up to 433 km, well below its more expensive versions that offer up to 560 km. Both models will have the same battery and motors as the dual motor variants that cost $10,000 more, but their performance and range will be limited by software. Tesla said the new variants will be available for delivery between September and October.